W.e.f 09-Feb: New Identity for Essar Securities Ltd.
Per a recent circular, the name and symbol of Essar Securities Ltd. (Scrip code: 533149) will be changed as follows w.e.f 09-Feb-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
ESSARSEC | YunikM | Essar Securities Ltd. | Yunik Managing Advisors Ltd. |
Refer: BSE Circular
AP consent for Bank and Demat account statements
In an endeavor to reduce the burden of submission of documents by the AP at the time of audit, we have tied up with CAMS to auto-fetch bank statements & demat account statements, for which we require the AP to give their consent.
The AP consent will greatly reduce backlog and also minimize manual submitting of statements as required during audit, by law.
Here are quick and easy steps to follow using the NXT account.
1. Log into NXT as an Admin user
![](https://announcements123.files.wordpress.com/2024/02/image01.png?w=1024)
2. Go to Profile > Upload Statement
3. Click on Proceed
4. You will be redirected to CAMS website and an OTP will be sent to your Mobile number
5. Select the bank for which you want to share consent
6. Once done, you will be redirected to the NXT dashboard
7. The consent will be captured and will be valid for 1 year
![](https://announcements123.files.wordpress.com/2024/02/image02.png?w=1024)
8. Follow the same process for the Demat statement and check your status whether it is ‘Success’ or ‘Rejected’.
For a more detailed account of the process, click here
Dividend payment by Hindustan Petroleum Corporation Ltd.
A dividend is an amount the company pays to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly.
As per a recent circular, Hindustan Petroleum Corporation Ltd. has announced a dividend payment of Rs 15. The key dates for the same are as follows:
Company Name | Symbol | Dividend Amount | Record date |
Hindustan Petroleum Corporation Ltd. | HINDPETRO | Rs 15 | 07-Feb-24 |
1. The above changes shall be effective from the ex-date / effective date
2. The revised options strike/futures base prices and the lot size on account of adjustment would appear in decimal places and shall be rounded off to the nearest tick size and the lot size shall be rounded off to the nearest integer.
3. The details of the revised option strike prices, futures prices, lot size and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the ex-date / effective date.
Refer: NSE Circular 1 | NSE Circular 2
Bonus Issue of Shreeji Translogistics Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Shreeji Translogistics Ltd. (Scrip Code: 540738) is issuing 1 bonus share for every 3 existing shares. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Shreeji Translogistics Ltd. | STL | 08-Feb | 08-Feb |
Refer: BSE Circular
Dividend payment by GAIL (India) Ltd.
A dividend is an amount the company pays to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly.
As per a recent circular, GAIL (India) Ltd. has announced a dividend payment of Rs 5.50. The key dates for the same are as follows:
Company Name | Symbol | Dividend Amount | Record date |
GAIL (India) Ltd. | GAIL | Rs 5.50 | 06-Feb-24 |
1. The above changes shall be effective from the ex-date / effective date.
2. The revised options strike/futures base prices and the lot size on account of adjustment would appear in decimal places and shall be rounded off to the nearest tick size and the lot size shall be rounded off to the nearest integer.
3. The details of the revised option strike prices, futures prices, lot size and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the ex-date / effective date.
Refer: NSE Circular
Amalgamation of Tata Metaliks Ltd and Tata Steel Ltd.
Per a circular, Tata Metaliks Ltd. will be amalgamated into Tata Steel Ltd. Tata Steel Ltd shall issue and allot Equity Shares to the Shareholders of Tata Metaliks Ltd.
79 fully paid-up equity shares of Re.1/- each of Tata Steel Ltd to be issued for every 10 fully paid-up equity shares of Rs.10/- each held in Tata Metaliks Ltd.
Name of Company | Symbol | Reason for Suspension |
Tata Metaliks Ltd. | TATAMETALI | Scheme of Amalgamation |
Refer: BSE Circular
Important update on PAN-Aadhaar Seeding for NRI Clients!
This is with reference to NSE Circular NSE/ISC/48165 dated 03-May-21 and BSE Circular 20210503-41 circular dated 01-May-21 on Aadhaar Seeding with PAN and the subsequent email communication received from NSE and BSE dated 01-Feb-24.
The Income Tax Department, in a tweet on 18-Jul-23, clarified that individuals who haven't updated their NRI Status with the IT department should submit relevant documents to their respective ‘Jurisdictional Assessing Officer’ (JRO) for updating their residential status. For further details, please refer to the tweet at the link: https://twitter.com/incomeTaxindia/status/1681251168276860928.
Additionally, PANs registered under the NRI Category at the Exchange must be updated as ‘Seeded' or 'Not Applicable’. In the absence of this tagging, the NRI Clients will not be permitted to trade or square off their position w.e.f. 09-Feb-24.
With reference to the aforementioned email receipt, you are requested to note that from Monday, 05-Feb-24, onwards, no fresh positions will be allowed in your account till 09-Feb-24. Post 09-Feb-24, your account will be frozen for trading till the relevant NRI Status is updated at the exchange. So,
Contact your AP or mail us at support@angelbroking.com for any further assistance.
Quantity Freeze Limits for Indices- February 2024
As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01- Feb-24.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
No. | Indices | Quantity Freeze Limit(Maximum units you can buy or sell per order) | Maximum lots per Order(Quantity Freeze Limit/Lot Size*) |
1. | BANKNIFTY | 900 | 36 |
2. | NIFTY | 1800 | 36 |
3. | FINNIFTY | 1800 | 45 |
4. | MIDCPNIFTY | 4200 | 56 |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows:
BANKNIFTY=25; NIFTY=50; FINNIFTY=40; MIDCPNIFTY=75
Refer: NSE Circular
Bonus Issue of Salasar Techno Engineering Ltd.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Salasar Techno Engineering Ltd. (Scrip Code: 540642) is issuing 4 bonus shares for every 1 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Salasar Techno Engineering Ltd. | SALASAR | 01-Feb | 01-Feb |
Refer: BSE Circular
W.e.f 01-Feb: New Identity for Chitradurga Spintex Ltd.
As per a recent circular, the name and symbol of Chitradurga Spintex Ltd. (Scrip code: 521244) will be changed as follows w.e.f 01-Feb-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
CHITRTX | MKPMOB | Chitradurga Spintex Ltd. | MKP Mobility Ltd. |
Refer: BSE Circular